Global insurance trends

US Commercial News: Drone Insurance & Measure JV on Business Cover

REIN’s DroneInsurance.com, a digital drone risk management platform, is announcing its collaboration with Measure, a leader in aerial intelligence. The exciting collaboration will enable commercial drone operators, from small business to enterprise, to access customizable coverage options […]

Insurance Brokers

Property Damaged Every Five Minutes, Says Direct Line

New analysis by Direct Line for Business reveals police forces across England and Wales investigate 283 incidents of criminal damage to properties every day, the equivalent of one every five minutes.  Criminal damage includes issues […]

Insurance Brokers

Huge Spike in Ransomeware Attacks on SMEs, Says Beazley

Beazley data reveals an increase in ransomware attacks against IT vendors as cyber criminals exploit weak security programs to target both the vendor and their clients. One quarter (24%) of all ransomware incidents reported to […]

Insurtech solutions to fighting escape of water claims.
News

ABI Highlights Winter Risks For UK Home & Business Owners

As the clocks go back this weekend, the Association of British Insurers is reminding home and business owners to make sure their property is winter ready. Insurers pay out £14.3 million to home and business […]

Opinion

Market Snapshot: GlobalData Sees Growth Potential in New Zealand

High susceptibility to natural hazards combined with rise in residential and infrastructure construction is expected to drive New Zealand’s general insurance market from NZD8.4bn (US$5.8bn) in 2018 to NZD10.9bn (US$7.8bn) in 2023, according to GlobalData, […]

Global insurance trends

Gulf Tensions Set to Increase Insurance Costs in Marine Sector

Amidst heightened tensions in the Middle East, an Iranian oil tanker ‘Sinopa’ has been damaged by what Iranian media said was a rocket attack. Whilst the explosion caused an oil spill into the Red Sea, […]

Global insurance trends

Liberty Reshuffle Following Nationale Borg Acquisition

Further to Liberty Mutual Insurance Group completing the acquisition of Nationale Borg Reinsurance (NB Re) on 2 October, Liberty Mutual Re (LM Re) announced that it will make changes to the structure of its Financial Risks […]

Global insurance trends

Commercial: Mactavish Highlights Complexity of Private Equity Insurance

New research from Mactavish, the leading expert on commercial insurance placement and disputes, reveals many private equity firms are not placing enough focus on the quality of insurance cover in place at portfolio companies. Mactavish […]